Product ID: SQMIG45E2077
Report ID:
SQMIG45E2077 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|
Tables:
179 |
Figures:
78
North America is poised to emerge as the primary contributor to the global fraud detection and prevention market, occupying more than 41% of the fraud detection and prevention industry in 2023 and is driven by its status as one of the most impacted regions worldwide by money laundering and terrorist financing activities. Consequently, it hosts a substantial number of fraud detection and prevention providers. Banks, governmental bodies, and financial institutions in this region grapple with escalating fraud complexities, prompting the adoption of sophisticated technological frameworks for fraud mitigation. As the world progresses towards interconnectedness and digitalization, safeguarding critical enterprise infrastructures and sensitive data emerges as a paramount concern. North America, renowned for its technological prowess, leads the global landscape in terms of cybersecurity vendor presence.
Notably, governments and enterprises across key countries like India, the US, Brazil, China, the United Kingdom, and Germany are making significant investments in advanced fraud prevention solutions. Consequently, major players in the global fraud detection and prevention market are strategically diversifying their product portfolios to capitalize on these opportunities.
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Product ID: SQMIG45E2077